CD Projekt Q4 profit beats consensus

WSE-listed game producer CD Projekt had PLN 45.9 million consolidated net profit in Q4, which is 42.1 percent less y/y, but above the PLN 39.7 million market consensus. Operating profit amounted to PLN 54.7 million (42.8 percent y/y drop), while revenues stood at PLN 123.6 million (down by 24.7 percent y/y). For the whole 2017, the company had PLN 200.27 million, down from PLN 250.51 million in 2016, with operating profit dropped from PLN 303.63 million to PLN 240.94 million, while revenues stood at PLN 463.18 million compared with PLN 583.9 million in 2016.